22 Gatesview Avenue
Scarborough Village, Toronto
$1,188,000
FANTASTIC OPPORTUNITY - Welcome to this detached Bungalow situated on a 43.55 x 210.05 foot lot in the Heart of Scarborough Village. Comprised of 3 Separate Units waiting for the perfect investor. Upper Unit it totally renovated $$$ - Freshly Painted, New bathroom and kitchen, new floors, new counters. New Front Porch. New Sod. This opportunity offers the perfect blend of function, comfort, versatility for your investment. Separate side door entrance leads to 2 basement apartments & lower level laundry room. Basement has walkout to extensive yard. Ideal for extended family, income suites, and multi generational living. Close to all amenities including GO station, shopping, transit & schools. This rare opportunity exudes convenient, offers space & lifestyle potential.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 16-30 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $4,457 |
| Lot Size | 43.55 ft x 210.05 ft |
| mls© Number | E14115402 |
| Listed By | CENTURY 21 PARKLAND LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,081
- Property tax
- $371
- Heat allowance
- $150
- Housing costs
- $6,602 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$203,000
gross annual household income
- Payment at 4%
- $4,999 / mo
- Cash down
- $237,600
Assumes no other monthly debts · 25-yr amortization
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